Six Months in, Ontario’s Privatized Online Gambling Market is Growing Quickly
On October 12, iGaming Ontario (iGO) released its revenue figures for July through September. That period marks the second quarter of operations since the province’s privatized online gambling market launched. As with the first report, covering April to June, iGO hasn’t provided much detail. Unlike various US states, Ontario does not offer a revenue breakdown […]
Bright Lights, Day or Night: Times Square or Its New York Retail Casino Suitor, Caesars?
Times Square is loud, crowded, and always full of bright lights, day or night. Land-based casinos can be, too. Perhaps that’s why Las Vegas-based Caesars Entertainment is louder about its proposal for a Times Square casino than many in the crowded line of New York retail casino hopefuls vying for three new downstate licenses. Even […]
Shoalwater Bay Tribe Files Motion To Dismiss Maverick Gaming Lawsuit
The pivotal moment has come in a court battle over tribal gaming compacts in Washington. It was inevitable that the Shoalwater Bay Tribe would file a motion to dismiss upon receiving permission to intervene in the case. They have now done just that. The original parties in the case are Maverick Gaming as the plaintiff […]
Republicans Gain Ground as Midterms Near, Boosted by Economic Concerns
A recently released Yahoo News/YouGov poll shows Republicans gaining support in the last weeks before the midterm elections. This narrows the Democrats’ long-standing lead to just 2 percentage points, which is the smallest difference to date. When poll respondents were asked which candidate they would vote for in their congressional district if the elections were […]
Pennsylvania Will Set an All-Time Record for Self-Exclusions and Hotline Calls in 2022
The Pennsylvania Gaming Control Board (PGCB) released its 2021-2022 Annual Report earlier this month. Most key numbers for the state’s gambling industry have gone up year over year, including many all-time highs. State tax alone (not counting local grants, etc.) amounted to $1.43 billion from gambling in the 2021-2022 fiscal year, up 29% from $1.11 billion in 2020-2021. […]
Just When It Seemed Entain Financial News Would Pause, a $1B Loan
As others in the US online gambling industry shrink away from financial gambles, Entain is embracing them. Six days after its Q3 2022 trading update, the company that’s best known as half of BetMGM‘s ownership team announced today that it secured a $1 billion loan. The term loan will fund Isle of Man-based Entain’s acquisition […]
Fall Brings the Expected Boost to Online Gambling Revenue, but Less Than Last Year
There has been a consistent theme to 2022 online gambling revenue updates. While US markets continue to grow, that growth is now slower than it has been in recent years. September gross gaming revenue (GGR) figures for the three major online gambling states – NJ, PA and MI – highlight this trend. In 2021, their […]
GameCo Hopes for a Second Chance in the US After Green Jade Merger
On October 10, Las Vegas-based games developer GameCo LLC announced that it has entered into a definitive agreement to merge with Green Jade Games. The combined entity will be known as Green Jade Group. Once the merger is complete, current Green Jade chairman Jesper Kärrbrink will serve as CEO, while current GameCo chair Robert Montgomery […]
Steve Wynn Prevails as Judge Dismisses DOJ to Force Mogul to Register as Foreign Agent
Last week, U.S. District Court Judge James Boasberg dismissed a years-long effort by the Justice Department to force former casino owner Steve Wynn to register as a foreign agent. He did so despite agreeing with aspects of the DOJ’s case and expressing discomfort with his own ruling. For Wynn, the dismissal surely comes as a […]
If Gambling Treatment Courts Return to NY, It Won’t Be as Part of an Online Casino Bill
There’s a lot of support in the US for the idea of gambling treatment diversion courts (GTDCs). Unfortunately, there’s less consensus on how to go about implementing them. One possibility that’s sometimes floated is to put the creation of specialty gambling courts into gambling expansion bills. That’s something that New York lawmakers might take note […]
